Ukraine receives tranche from IMF - Prime Minister
Photo: Prime Minister Denys Shmyhal (Vitalii Nosach, RBC-Ukraine)
Ukraine has received another tranche of $1.1 billion from the International Monetary Fund. The funds will be used to cover important non-military budget expenditures, Prime Minister of Ukraine Denys Shmyhal says.
“We received this tranche thanks to the successful fifth revision of the EFF program of $15.6 billion,” the Prime Minister of Ukraine writes.
This is the third IMF tranche since the beginning of the year. Ukraine received $900 million in March and $2.2 billion in July. The total amount since the beginning of the year has reached $4.2 billion. Another tranche of $1.1 billion is expected in December.
Ukraine's agreement with the IMF on a $15.6 billion EFF program was approved in March 2023. The program has already received six tranches totaling about $8.7 billion.
Changes in plans
In its October memorandum, the IMF changed its forecast for the duration of the war in Ukraine and the assistance to Kyiv from its partners. The Fund expects that in the baseline scenario, the war will end at the end of 2025, and Ukraine will need $151.4 billion in 2023-2027.
As a result, the IMF has increased its financing for Ukraine in 2025. Previously, the IMF planned to provide Ukraine with $1.835 billion in 2025 in two tranches of $917.5 million (at the current dollar to SDR exchange rate) in March and August.
Now, it is planned to disburse $2.712 billion in four tranches: $917.5 million in March, $809.6 million in June, $539.8 million in August, and $445.3 million in December.
